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Bullboard - Stock Discussion Forum Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the... see more

TSX:ARG - Post Discussion

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Post by goldens on Mar 17, 2023 4:10pm

Insiders

Nice to see the insiders dumping all their shares. I know it is a big part of their compensation but they get the dividend and then dump them dragging down the share price because we have such little volume. They need to switch to a monthly dividend so these guys get less money on the dividend when they dump. Someone dropped 200K shares at the close and it was likely free shares taking down the price again.
Comment by harvester on Mar 17, 2023 4:59pm
Company does a big ncib brings the share price up then insiders dump their shares. 
Comment by Lucentio on Mar 21, 2023 12:48pm
Don't exaggerate.  Robert Gayton and half a dozen employees in Chile is hardly  insiders dumping all their shares.  
Comment by goldens on Mar 21, 2023 1:37pm
They do it every year when they get their options. That is why I mentioned it is part of their compensation and I didn't say all directors are dumping but they do it all the time. Collect the dividend and cash in their shares. I did ask Aurora about switching to a monthly dividend which in my opinion is better over all since you don't get the ones buy for the dividend and then dumping ...more